Hess Ranch, a master-planned community in Parker, sold for $41 million to JEN Coloradofrom Stroh Ranch Development.

JEN Partners is a New York-based property management firm.

Located in northern Douglas County, the community spans 1,133 acres.

“The greater Denver market is coming into focus for large master-planned community developments,” said Stew Mosko, Cushman & Wakefield, who represented Stroh Ranch Development on the sale. “The existing stock of housing opportunities is struggling to keep pace with growth, thereby proving ample demand for thoughtful new residential communities. JEN Colorado will be able to fill a space our market desperately needs.”

The current zoning allows for over 2,489 residential units, 1.25 million square feet of commercial development and over 300 acres of parks and open space.